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Companies / Industrials / Comfort Systems USA
FIX

Comfort Systems USA

IndustrialsConstructionS&P 500
Ticker FIXHOUSTON, TXFiscal year ends DecemberBook value per share $94.69Diluted shares 35.2M

Comfort Systems USA, Inc. (NYSE: FIX) provides mechanical and electrical contracting services to commercial, industrial and institutional customers, including building owners, developers, property managers and general contractors. It designs, builds, installs, maintains, repairs and replaces heating, ventilation and… From the company’s description.

In fiscal 2025, Comfort Systems USA reported revenue of $9.10B, up 29.5% from fiscal 2024, and net income of $1.02B. Its operating margin was 14.4%, and operations generated $1.19B in cash. Over the twelve months to Sep 30, 2026, revenue was $12.54B.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-09-30
Sales & profitability
$9.10BFY2025
+29.5% year over year
Last 12 mo $12.54B
14.44%FY2025
+3.8 percentage points
Last 12 mo 16.70%
$1.02BFY2025
+95.7% year over year
Last 12 mo $1.63B
41.76%FY2025
+11.1 percentage points
Last 12 mo 48.93%
Cash & financing
$1.19BFY2025
+39.7% year over year
Last 12 mo $3.01B
$1.03BFY2025
+39.8% year over year
Last 12 mo $2.44B
0.06FY2025
Was 0.04× a year earlier
Last 12 mo 0.01
35.4MFY2025
−1.0% year over year
Last 12 mo 35.2M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Comfort Systems USA does

In the company’s own words

Comfort Systems USA, Inc. (NYSE: FIX) provides mechanical and electrical contracting services to commercial, industrial and institutional customers, including building owners, developers, property managers and general contractors. It designs, builds, installs, maintains, repairs and replaces heating, ventilation and air-conditioning, plumbing, piping, controls and electrical systems, and also provides off-site construction, monitoring and fire protection. The company operates through mechanical and electrical service activities, which accounted for 73.3% and 26.7% of 2025 revenue, respectively. Its work spans new construction as well as renovation, expansion, maintenance, repair and replacement; 63.2% of 2025 revenue came from installation in newly constructed facilities. Customers operate in sectors including technology, manufacturing, healthcare, education, government, offices and retail. Comfort Systems has 50 operating units and 190 locations across 142 U.S. cities. At December 31, 2025, it had approximately 22,700 employees and 8,427 projects in process with an aggregate contract value of approximately $24.17 billion. The company was established in 1997. Its website is www.comfortsystemsusa.com.

Company details
Sector
Industrials
Industry (SIC)
Construction
Headquarters
HOUSTON, TX
Fiscal year end
December
CIK
1035983
SIC
1731

Financial performance, year by year

Fiscal 2013–2025 · USD
$-1.25B$2.51B$6.27B$10.03B$13.80B2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Comfort Systems USA — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

982
funds hold it
1 of 35
superinvestors hold it
$29.15B
held by funds, at market
43.2%
of shares held by funds

Superinvestors in Comfort Systems USA · what they did last quarter

Tom GaynerUNCHANGED
Markel Group (Markel-Gayner)
0.2%of 13F portfolio

Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.

Largest fund holders · Comfort Systems USA’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.10%of fund net assets
VANGUARD 500 INDEX FUND
VOO · VANGUARD INDEX FUNDS
0.11%of fund net assets
VANGUARD MID-CAP INDEX FUND
VO · VANGUARD INDEX FUNDS
0.67%of fund net assets
iShares Core S&P 500 ETF
IVV · iShares Trust
0.11%of fund net assets
0.93%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do Comfort Systems USA and its peers compare on margins and cash generation over ten years?”
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